Famous angel investor Jason Caracanis recommends that investors stay as far away as possible from Michael Saylor’s strategy (previously micro-strategic).
Calacanis argues that investors should simply touch Bitcoin instead.
Vocal Strategy Bear
The latest bearish statement accompanied by his early criticism of the latest Bitcoin finance company. As Reported by U.TodayCalacanis previously said that the strategy is supposed to be traded at a discount compared to its Net Asset Value (NAV).
Additionally, early previous Uber investors Discussed Saylor’s aggressive Bitcoin accumulation is actually causing damage to the Bitcoin brand.
In a latest social media post, Calacanis argues that investors should avoid strategic stocks because investors are “complex and layered and you lose control.”
Strategy’s current Bitcoin Holdings is 638,460 coins (worth around $74 billion).
Strategies are stumbling
Earlier this month, the strategy was not included in the S&P 500 index.
Saylor claimed it did not expect the company to make a cut in the first quarter of eligibility, but JPMorgan analysts have described SNUB as a “major setback” for high-flying companies that could also affect how other index providers view MSTR and other strategic stocks.
The inclusion in the S&P 500 offers benefits such as index fund purchase pressure, a surge in liquidity and a significantly larger institutional acceptance. This also greatly expands the investor base.
